Bitcoin Price May Briefly Dip Below $100k Soon, Standard Chartered Analyst Says
Bitcoin (BTC) value faces a midterm danger of dropping beneath $100,000 quickly, Customary Chartered’s Geoff Kendrick says. In accordance with the financial institution’s market analyst, the Bitcoin value could briefly fall beneath $100k amid commerce warfare worries.
Nonetheless, Geoff famous that the potential Bitcoin value drop beneath $100k could also be short-lived. As such, Geoff famous that such a Bitcoin transfer could be a shopping for alternative, for so long as the asset stays above the 50-week Shifting Common (MA).
Customary Chartered Relates Bitcoin and Gold Strikes
According to the bank’s analyst, Bitcoin value not too long ago briefly rebounded after gold recorded its worst two consecutive days since mid-August 2025. Geoff famous that BTC value briefly rebounded as capital rotation from gold to the flagship coin escalated.
As such, if the Gold value continues with its weak point within the midterm, the Bitcoin value could expertise a parabolic rally. The Bitcoin shopping for alternative will proceed for so long as the worry and greed index continues to hover within the worry zone of beneath 30.
Different Key BTC Opinions to Contemplate
According to Mike Novogratz, CEO of Galaxy, the Bitcoin value is prone to maintain above the assist stage round $100k within the midterm. In an interview on Wednesday, Novogratz famous that the Bitcoin value will seemingly rally if President Donald Trump makes a transfer on the Federal Reserve amid the anticipated price cuts.
In the meantime, the Bitcoin MVRV Excessive Deviation Pricing Bands from Glassnode present that the flagship coin has misplaced a vital assist stage above $120k. Consequently, BTC value should constantly rally above $120k to invalidate a capitulation in the direction of $97k and even $74.5k within the worst-case state of affairs.
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